Investors Buy Large Volume of Call Options on CenturyLink (CTL)
CenturyLink (NYSE:CTL) was the recipient of some unusual options trading on Monday. Stock traders bought 13,265 call options on the company, American Banking News reports. This represents an increase of 435% compared to the typical daily volume of 2,481 call options.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of CenturyLink in a research note to investors on Thursday, December 19th. They set an “underperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CenturyLink in a research note to investors on Friday, December 13th. They now have a $32.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of CenturyLink from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. CenturyLink currently has an average rating of “Hold” and a consensus price target of $36.14.
CenturyLink (NYSE:CTL) traded up 0.49% during mid-day trading on Monday, hitting $28.93. 4,281,439 shares of the company’s stock traded hands. CenturyLink has a 52-week low of $27.93 and a 52-week high of $42.01. The stock’s 50-day moving average is $30.23 and its 200-day moving average is $32.11. The company’s market cap is $17.100 billion.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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